Leonard “Len” Dunikoski, GRI
Diane Turton Realtors – Rumson Office
8 West River Road
Rumson, NJ 07760
(732) 239-0739 (cell) (732) 530-6686 (office)
2012 has been a good year for Rumson-Fair Haven real estate. After 11 months, median home prices were up 6% in Rumson and up 3% in Fair Haven. However, the real estate market usually slows down in December, January and February. Fewer homes are listed for sale, and there are fewer people looking to buy. The good news is that buyers who are looking at this time of year tend to be serious buyers who are ready, willing and able to make a commitment.
To underscore this point, we’re ending the year with a strong finish: in the first half of December, 6 Fair Haven homes and 5 Rumson homes closed. It gets even better: of the 6 Fair Haven closings, 3 homes closed after having been on the market for less than 3 weeks (7 days, 9 days and 20 days).
It will be interesting to see what happens next year. Nationwide, the experts are saying that the real estate market has bottomed out and is improving. The number of foreclosures continues to decrease, and the Fed says it’s committed to keep interest rates low (at least in 2013), and inflation continues to be low. The key is job creation and job security. There’s a lot of pent-up demand for housing, and when that demand is released we could see a lot more sales.
Here are the R-FH homes that sold in the first half of the month:
|Closing $||CDOM||Bed||Bath||Half||FP||Gar||Sq Ft||$/Sq Ft|
|138 Church Street||$545,000||7||3||3||0||1||1||2,278||$239|
|195 Prospect Avenue||$561,000||20||3||1||1||1||2||1,644||$341|
|20 Rustic Terrace||$830,000||181||4||2||1||1||2||2,328||$357|
|188 Lake Avenue||$899,000||140||4||2||1||1||1||2,907||$309|
|52 Browns Lane||$1,101,500||9||3||4||1||2||2||3,706||$297|
|191 Lewis Lane||$3,100,000||195||6||5||1||3||2||9,000||$344|
|7 Heathcliff Road||$835,000||73||3||2||0||1||2||1,907||$438|
|41 Ridge Road||$1,225,000||17||4||4||1||1||2|
|1 Holly Tree Lane||$1,250,000||372||5||5||1||2||2||4,128||$303|
|3 S Rohallion Drive||$2,113,000||186||6||6||1||3||3||4,884||$433|
|7 Ridge Road||$2,450,000||661||5||8||1||3||4|